The latest issue of Fast Company (Oct 2009) features six promising Finovate startup companies. The article written by
Dan MacSai Profiles these startups and their impact in the life of financial consumers.

Tempo is revolutionizing the debit card market by enabling organizations, both businesses and non-profits, to quickly and easily offer open loop, affinity debit cards to their customers and members. The cards are rewards-based, affinity partner-branded, and linked to the consumer’s existing checking account.Tempo provides its partners with a Web-based solution that makes it easy to launch and market their programs. The partners benefit by generating new revenue, and building loyalty through the delivery of enhanced cardholder value.Tempo is privately held and is headquartered in San Mateo, CA.

BancVue, is a provider dynamic marketing, and data-driven consulting solutions to community financial institutions. BancVue creates and executes a comprehensive, integrated, and entirely localized marketing plan for each community financial institution.The company’s famous product Kasasa, gives community financial institutions the marketing scale they need to compete with the megabanks.

MarketRiders empowers average investors to protect and grow their wealth by taking control of their investing.

MPOWER Labs, Inc. is a research and development incubator and business accelerator founded in 2006 as a portfolio company of MPOWER Ventures, LP — a double-bottom-line venture capital fund whose mission is to empower the world’s underserved. By working in partnership with MPOWER Ventures to accelerate the development of its portfolio companies as well as to identify and develop new product ideas in the same market space.

SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company securities, residential and commercial mortgage-backed securities, restricted securities and block trades in public companies and whole loans.

BrightScopeTM, Inc. is an independent provider of 401k ratings and financial intelligence to plan sponsors, advisors, and participants in all 50 states. They help increase the retirement security of America’s workforce by bringing transparency and efficiency to the 401k plan market.They maintain a comprehensive database of information on the 401k plan market and add additional value and insight by quantitatively rating each 401k plan across critical metrics.

Jwaala was started in 2006 with a simple goal in mind – to use creative thought and technology to provide great solutions to Banks, Credit Unions and their customers. Jwaala’s product MoneyTracker promises to revolutionize the way consumers interact with their financial data, by giving them to the tools they need to easily see what they need to see to better understand their finances.

The receivables
The Receivables Exchange makes it fast, easy and efficient for small and medium-sized businesses to gain quick access to working capital at a competitive cost.